Agility Fuel Solutions, a business of Hexagon Composites, has signed a master services agreement with a global logistics customer to deliver CNG fuel systems for medium and heavy-duty trucks. The initial order represents an estimated total value of USD 2.2 million with additional orders expected to follow.
As a low carbon fuel, CNG can result in reductions of greenhouse gas (GHG) emissions compared to diesel of over 20% when using conventional natural gas, or 90% or more when using renewable natural gas produced from landfills, dairy farms and other bio sources.
“It makes environmental and economic sense to deploy CNG trucks right now, and the low cost and maturity of the technology make it possible to do so at scale,” said Seung Baik, President, Agility Fuel Solutions.
Deliveries of the first order of CNG fuel systems are scheduled to start in the second quarter of 2020.
Source: Hexagon Composites